Higgs and immediately called Life Company at 11:09 am. I spoke with Jose Perdomo (D6TH). He told me what we needed to do about the assignment form and gave me the death claim number. Then I asked him about the coverages on the policies and he told that me she did have $50,000 in coverage that would be paid out in the death claim for Cooper. He said that because she purchased the GIO when she originally took out the policy and is filing a death claim before she had the option to exercise the GIO, it would pay an additional $25,000. I repeated what he said to make sure I was understanding him correctly because I had never heard of that before. He confirmed what he said. I was shocked because I’ve been selling life insurance for 10 years and never knew this about the GIO. I was also very happy about being able to share this with Mrs.
Higgs and immediately called Life Company at 11:09 am. I spoke with Jose Perdomo (D6TH). He told me what we needed to do about the assignment form and gave me the death claim number. Then I asked him about the coverages on the policies and he told that me she did have $50,000 in coverage that would be paid out in the death claim for Cooper. He said that because she purchased the GIO when she originally took out the policy and is filing a death claim before she had the option to exercise the GIO, it would pay an additional $25,000. I repeated what he said to make sure I was understanding him correctly because I had never heard of that before. He confirmed what he said. I was shocked because I’ve been selling life insurance for 10 years and never knew this about the GIO. I was also very happy about being able to share this with Mrs.